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beter bed holding nv (BBED) Details

Beter Bed Holding N.V. is engaged in the retail trade in the bedroom furnishings market. The company operates retail stores that offer mattresses, bed bases, bed textiles, related items, and bedroom furniture to consumers, as well as sells its products through Webshop. It operates 1, 175 stores under the Beter Bed, Matratzen Concord, El Gigante del Colchón, BeddenREUS, Slaapgenoten, and Schlafberater.com names. The company also develops and sells mattresses under the M Line name through its outlets and dealer network. It has operations in Germany, the Netherlands, Spain, Austria, Switzerland, and Belgium. The company was founded in 1981 and is based in Uden, the Netherlands.

beter bed holding nv (BBED) Key Developments

Beter Bed Proposes Final Dividend for the Year 2014; Reports Consolidated Earnings Results for the Fourth Quarter and Full Year of 2014

Mar 13 15

Beter Bed announced that proposal will be submitted to the Annual General Meeting of Shareholders, scheduled for May 19, 2015, to distribute a final cash dividend of EUR 0.37. This brings the dividend for 2014 to EUR 0.65 per share against EUR 0.27 per share a year ago.
The company reported consolidated earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported revenue of EUR 99.6 million compared to EUR 90.8 million a year ago. EBIT was EUR 10.5 million compared to EUR 0.5 million a year ago. Net profit was EUR 7.5 million compared to EUR 0.0 million a year ago. Total revenue rose by 9.7% to EUR 99.6 million in the fourth quarter of 2014. This increase is attributable to factors including the result of improved purchasing conditions, changes to the sales mix and the closure of Slaapgenoten and Matrassen Concord Netherlands and Belgium that exerted downward pressure on gross profit in 2013.
For the year, the company reported revenue of EUR 364.0 million compared to EUR 357.4 million a year ago. EBIT was EUR 23.0 million compared to EUR 12.3 million a year ago. Net profit was EUR 16.9 million compared to EUR 8.2 million a year ago. Earnings per share were EUR 0.77 compared to EUR 0.38 a year ago. Operating cash flow (net profit plus depreciation) was EUR 25.1 million compared to EUR 18.2 million a year ago.

Beter Bed Holding NV Reports Earnings Results for the Fourth Quarter and Full Year 2014; Provides Operating Profit Guidance for the Year 2014

Jan 23 15

Beter Bed Holding NV reported earnings results for the fourth quarter and full year 2014. For the quarter, net revenue rose by 9.7% to EUR 99.6 million. Like-for-like revenue increased by 11.8%. EBIT increased from EUR 0.5 million to approximately EUR 10.5 million.
For the year, net revenue rose by 1.8% to EUR 363.9 million. Like-for-like revenue increased by 4.8%. EBIT increased by 87.6% to approximately EUR 23.0 million against EUR 12.3 million a year ago.
As a result of the increased revenue, operating profit rose from EUR 0.5 million to approximately EUR 10.5 million. Profit in the fourth quarter of 2013 did, however include non-recurring expenses of EUR 6.4 million connected with the closure of Slaapgenoten and Matrassen Concord in the Netherlands and Belgium. Operating profit is expected to amount to approximately EUR 23.0 million for the full year 2014. This represents an increase of EUR 10.7 million or 87.6% compared to 2013.

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